Home Loans
Rates accurate as of November 22, 2024
Rates accurate as of November 22, 2024
| Mortgage Type | Interest Rate | Annual Percentage Rate (APR) | Loan Fee | |
|---|---|---|---|---|
| 30-Year Fixed Open/Close | ||||
| 30-Year Fixed | 6.875% | 7.042% | 1% | Contact a Loan Officer |
| 20-Year Fixed Open/Close | ||||
| 20-Year Fixed | 6.250% | 6.459% | 1% | Contact a Loan Officer |
| 15-Year Fixed Open/Close | ||||
| 15-Year Fixed | 6.000% | 6.259% | 1% | Contact a Loan Officer |
| 10-Year Fixed Open/Close | ||||
| 10-Year Fixed | 5.875% | 6.240% | 1% | Contact a Loan Officer |
| 1st Time Homebuyer (30-Year Fixed) Open/Close | ||||
| 1st Time Homebuyer (30-Year Fixed) | 6.625% | 6.739% | .50% | Contact a Loan Officer |
| 1st Time Homebuyer (20-Year Fixed) Open/Close | ||||
| 1st Time Homebuyer (20-Year Fixed) | 6.000% | 6.143% | .50% | Contact a Loan Officer |
| Affordable Home Loan Program (30-Year Fixed) Open/Close | ||||
| Affordable Home Loan Program (30-Year Fixed) | 4.000% | 4.054% | $800 | Contact a Loan Officer |
| Non-Owner Occupied (30-Year Fixed) Open/Close | ||||
| Non-Owner Occupied (30-Year Fixed) | 7.750% | 7.984% | 1.5% | Contact a Loan Officer |
| Non-Owner Occupied (15-Year Fixed) Open/Close | ||||
| Non-Owner Occupied (15-Year Fixed) | 7.500% | 7.865% | 1.5% | Contact a Loan Officer |
| Green Choice Energy Efficient Mortgage* Open/Close | ||||
| Green Choice Energy Efficient Mortgage* | 0.50% Off Loan Fee | Contact a Loan Officer | ||
| Mortgage Type | Interest Rate | Annual Percentage Rate (APR) | Loan Fee | |
| Jumbo (30-Year Fixed) | ||||
| $825,000.00 and above (80% max LTV) Open/Close | ||||
| $825,000.00 and above (80% max LTV) | 6.875% | 7.024% | 1% | Contact a Loan Officer |
Product for owner-occupied purchases & refinances. Rates are held at the time of application. Plus, if our rates go down before closing, you get the lowest rate. Ask about our insured programs with only a 3% down payment.
Jumbo Loans are not available on Green Choice Lending programs.
HOME LOAN PAYMENT CALCULATIONS
Calculations based on $300,000.00 conventional loan with 20% down payment (purchase) or equity position (refinancing). Payment calculations are principal and interest only and do not include taxes or insurance which may increase your monthly payment.
- 30-Year Mortgage: Interest rate 6.875%, Annual Percentage Rate (APR) 7.042%, 360 monthly payments of $1,970.79 each, total interest paid $410,339.43.
- 20-Year Mortgage: Interest rate 6.250%, Annual Percentage Rate (APR) 6.459%, 240 monthly payments at $2,192.78 each, total interest paid $227,050.52.
- 15-Year Mortgage: Interest rate 6.000%, Annual Percentage Rate (APR) 6.259%, 180 monthly payments of $2,531.57 each, total interest paid $156,432.79.
- 10-Year Mortgage: Interest rate 5.875%, Annual Percentage Rate (APR) 6.240%, 120 monthly payments of $3,311.81 each, total interest paid $98,152.33.
- 1st Time Homebuyer (30-Year Mortgage): Interest rate 6.625%, Annual Percentage Rate (APR) 6.739%, 360 monthly payments of $1,920.93 each, total interest paid $392,366.19.
- 1st Time Homebuyer (20-Year Mortgage): Interest rate 6.000%, Annual Percentage Rate (APR) 6.143%, 240 monthly payments of $2,149.29 each, total interest paid $216,581.10.
- Non-Owner Occupied (30-Year Mortgage): Interest rate 7.750%, Annual Percentage Rate (APR) 7.984%, 360 monthly payments of $2,149.24 each, total interest paid $474,690.12.
- Non-Owner Occupied (15-Year Mortgage): Interest rate 7.500%, Annual Percentage Rate (APR) 7.865%, 180 monthly payments of $2,781.04 each, total interest paid $201,523.74.
JUMBO LOAN PAYMENT CALCULATIONS
Calculation example based on loan amount shown with 20% down payment (purchase) or equity position (refinancing). Payment calculation is principal and interest only and does not include taxes or insurance which may increase your monthly payment.
- $825,000 loan amount (80% max LTV): Interest rate 6.875%, Annual Percentage Rate (APR) 7.024%, 360 monthly payments of $5,419.66 each, total interest paid $1,128,443.80.
At OlyFed we do offer Jumbo Loans with as little as 10% down; however, Private Mortgage Insurance (PMI) is required with loans that have less than 20% down. Contact an OlyFed Loan Officer for more details.
AFFORDABLE HOME LOAN PROGRAM PAYMENT CALCULATION
Calculations based on $412,000.00 conventional loan with 3% down payment (purchase) or equity position (refinancing). Payment calculations are principal and interest only and do not include taxes, insurance or Private Mortgage Insurance (PMI), which may increase your monthly payment.
- Affordable Home Loan Program (30-Year Mortgage): Interest rate 4.000%, Annual Percentage Rate (APR) 4.054%, 360 monthly payments of $1,966.95 each, total interest paid $296,789.47.
Green Choice Energy Efficient Mortgage: 0.50% off loan fee for loans $824,999 and below.
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